CHICAGO, IL -- (Marketwire) -- 11/14/12 -- SilkRoad Technology, a leading global provider of cloud-based social talent management software, today announced that its Point social collaboration software has been named a bronze winner for Best New Product of the Year. The Best in Biz Awards are the only independent business awards program judged by members of the press and industry analysts.

Point is a groundbreaking new employee-centric solution that connects employees to each other and their organization by uniting the popular features of social collaboration with talent management. Point gives employees a centralized talent management platform with a forum to share expertise and be recognized by peers and leaders; therefore allowing them to drive their own careers and increase employee engagement. Companies benefit by having a platform that reveals emerging trends and associated subject matter experts to better understand who and what is driving their business.

More than 400 entries were received in this year's awards program, from public and private companies of all sizes and from a variety of industries in the U.S. and Canada. Best in Biz Awards 2012 honors were presented in more than 50 categories, including Company of the Year, Most Innovative Company of the Year, Executive of the Year and Best New Product of the Year.

"What differentiates Point from any other social collaboration software on the market today is the integration with a complete talent management suite and its ability to organically pinpoint the influencers within an organization, which empowers them to drive company and career success simultaneously," said Edward Vesely, EVP and chief marketing officer of SilkRoad Technology. "We are honored to have this innovative new application recognized by our industry peers as 2012's Bronze winner for Best New Product."

About SilkRoad TechnologySilkRoad is a leading global provider of cloud-based social talent management software. Their passion for creating the finest employee experience drives everything they do. The award-winning SilkRoad Life Suite® is an integrated set of employer-branded TM/HCM solutions that power businesses with the latest Web 2.0 and social media innovations: OpenHire® for recruiting, RedCarpet® for onboarding and life events, WingSpan® for performance management, GreenLight® for learning management, Point and Eprise® for Social Collaboration and Content, and HeartBeat® for trusted HRMS. The Life Suite is ideally suited for businesses of every size because of its unique and open "start anywhere" architecture -- implement the complete suite or begin with one solution and add functionality as you need it. Either way, it's the fastest path to develop more productive and empowered employees who can rapidly boost business performance. Visit www.silkroad.com, follow them on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-336-201-5100.

About Best in Biz AwardsBest in Biz Awards recognizes top companies, teams, executives and products for their business success as judged by independent panels of members of the press and industry analysts. Best in Biz Awards honors are conferred in three separate programs during the calendar year: U.S. and Canada, EMEA, and International. Any organization from any industry boasting demonstrated success in the awards program's region can enter any of the more than 50 company, department or team, executive and product categories. Entries for Best in Biz Awards 2013 EMEA are being accepted from all companies based in or operating in Europe, Middle East and Africa until January 17, 2013. For more information about the entry process and categories in all three programs, please visit: http://www.bestinbizawards.com.

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